what effect would that have on jobs and the economy? joining us from a fair and balanced debate. mark hanna and republican strategist and fox news contributor tony, welcome to you both. >> great to see you, tucker. >> hey, tucker. >> is this how economics works? government passes a law and everyone becomes more pros officer russ in that sounds like magic to me. >> i don't think $9 an hour exactly equals prosperity in the sense that we understand. no, this is how the american economics has worked for decades and decades and it's consistent with the best traditions of american capitalism. you saw in the 196 os, the minimum wage was well over $10 by today's standards and unemployment went down. every time we have let the minimum wage dwindle, unemployment has gone up. it happened in the 1980s, look, what what matters is that people have money to spend. driven on consumption and production. henry ford. no less an american capitalist. henry ford knew he had to pay his workers enough money so they could afford it the cars that they were gelding on the assem by mr. line. this is somethi